US gov’t agencies threatening wider sanctions against anyone who finances Iranian-backed Hezbollah, prompted lobbying trips to Washington by worried Shiite bankers and politicians from Lebanon.
BEIRUT—Moves in Washington to widen financial sanctions on the powerful Shiite Hezbollah political group have triggered alarm in Beirut where the government fears major damage to the banking sector that underpins Lebanon’s stability.
Lebanon’s Olympic delegation hails crowd with Hezbollah’s Nazi-like salute
Not yet proposed as law, draft amendments to an existing law threatening sanctions against anyone who finances the heavily-armed Iranian-backed Hezbollah in a significant way prompted lobbying trips to Washington in May by worried Lebanese bankers and politicians. Continue Reading »
Following the enactment of anti-BDS legislation in the US which led numerous of other banks in several other European countries to close BDS accounts, the Bank of Ireland, the nation’s oldest financial institution, also shut down the anti-Israel movement’s accounts.
By Itamar Eichner
Advocates for Israel have struck a blow against the Boycott, Divestment, and Sanctions (BDS) movement in Ireland, as they have recently managed to convince the Bank of Ireland, that nation’s oldest financial institution, to shut down the account of BDS group Ireland Palestine Solidarity Campaign (IPSC).
The Bank of Ireland – Photo: WIKIMEDIA
Ireland is considered a fairly BDS-friendly country, but recent anti-boycott legislation in the United States has discouraged Bank of Ireland from cooperating with the movement. Continue Reading »
Austrian bank closes pro-BDS account belonging to OKAZ, which hosted a convicted Palestinian terrorist in Vienna.
Berlin – The Austrian financial giant Bawag closed the bank account of the pro-BDS Austrian-Arab cultural center (OKAZ), which hosted a Palestinian terrorist in Vienna in April.
PFPL plane hijacker Leila Khaled in South Africa. – Photo: AFP PHOTO/GIANLUIGI GUERCIA
A spokesman for New York-based investment firm Cerberus – the principal owner of the Bawag bank – told The Jerusalem Post on Tuesday that the account was closed. OKAZ is part of the BDS (Boycott,Divestment, Sanctions) movement targeting the Jewish state. Continue Reading »
The US House Representatives adopted Bill targeting the Lebanon-based Shiite movement in a vote of 422 to 0, following a unanimous vote in the Senate on November 17.
The US House of Representatives voted unanimously Wednesday to impose tough new sanctions on banks that knowingly do business with the Lebanon-based Shiite movement Hezbollah.
The bill targeting the Iran-backed Hezbollah, which is considered a terrorist organization by Washington, passed the Senate last month. It now goes to the White House for President Barack Obama’s signature.
The legislation also targets Hezbollah’s television channel Al-Manar by aiming to cut the broadcast of satellite operators that air the channel’s programming. Continue Reading »